Fed's Lockhart Kills Hopes Of Further QEasing

As the S&P 500 makes new multi-year highs, the USD dumps, commodities surge, and AAPL just does what it does best; The Fed's Dennis Lockhart has just 'subtly' announced the walking-back of expectations of QE3 happening anytime soon, via Bloomberg:

The Fed did the same shit in 29, warned the insiders to sell, jacked the interest rates up, the market fucked around a few months and then November 24, 1929 rolled around and the bodies started falling out of the skyscrapers.

You’re looking at a few months for the bond market to die. If 29 is the pattern look for, at best 6 months, just past the November USA election.

The issue is Gold and Silver, along with surging food prices. Confidence in the USD is falling, and check it out: This type of 'control' is all they have left. LOL. As others have said, "The fed is out of bullets".

On a daily basis I marvel at how many times I see the word "Hope" in CNBC, Bloomberg and WSJ article titles or teasers. This morning there was one talking about how markets continue to rise on "hope" that the ECB will come to the rescue "despite" the ECB saying they will not.

They will not do QEx until interest rates try to rise or the system comes close to imploding. Bernak knows he is pushing on a string at this point. He will sit on his hands until the fire is at his feet.

OK, so US real per capita disposable income will rise...uh, WHEN exactly sir?

Never....seems like a long time....how about 20 years while the stench of corruption rots out the core of the Republic. Funny how they never mention that, or mark-to-market, or zombification/Japanification.

All lies, smoke and mirrors. Does nothing for the real economy.

Are all these banks, insurance companies and pension funds solvent on a market basis? HELL NO. The bailout continues and we all pay in numerous ways. At least be honest about it, Overlord.

Maybe they are trying to tamp the gold price back down. Another Fed authority will come out and say the opposite tomorrow, if not later this afternoon, or whenever it suits their purposes. MOPE: Management Of Perception Economics.

QE was never on the table, despite the ramped up yet volume-less markets that reached multi-year highs due to rumour-buying, and that will subsequently capitulate post-Jackson Hole speech indicating that there is indeed no point for the aforementioned QE, which incidentally was never on the table, but which ironically become an issue after every asset class and equity indice return to base, due to the coordinated, yet volume-less effort, by the remainder participants who manipulate the market, using the Fed's special-rate money.

wall street: thank you obama for not prosecuting any of the financial terrorist. Heres your parting gift. We thank you with a ramp job to make things look so pretty when they are not. . And main street. You complete suckers. How does 97 per on crude for no reason at all feel? Thanks. Wall Street. Were laughin all the way to the bank. Literally.

He's a lying sack of chit. The Fed doesn't have to announce QE anything. They do what they want under the table and off the books anyway. It's going on this very moment. All you have to do is take a look at the stock racket, err market.

The fact that JPM took a 7 billion loss when it is leveraged 40 to 1, and is still alive, is all the proof you need that these liars are printing like crazy. The last thing they want is for anyone to know what they are really doing. Ever since the Greece default they have been throwing money out the windows. It is starting to show up in every measure of money supply they report.

My hat is off to these guys at the Fed for their short term strategy in feeding wall street greed the gasoline to fuel stock prices. Six weeks ago they start feeding QE3 and the Bernanke Put to get S&P up 60 points. They pull QE3 and S&P sets new 52 week high. All this why 1) Europe is in recession/depression, 2) Chine hard landing looks more likely and 3) fisical cliff and DEBT CEILING gets close every day as republicans and democrats piss on each other.

As they say on the business channels, all this information is known and us smart guys after already baked this into our earnings model and the market is CHEAP.....so BUY, BUY, BUY

The stock market will be the last great bubble before the day of financial reckoning imo. I hope too many people aren't hurt. Then again, that's like hoping for Obama's kind of hope. It's just wishful thinking. :-(